Domuschiev, who owns Bulgarian side Ludogorets, was said to be keen on buying Notts, who sit bottom of the Football League, from Hardy, who himself took over from Ray Trew in January 2017.

Reports in the Bulgarian media now say Domuschiev has little investment interests outside of Ludogorets, and his attentions remain solely focused on the Razgrad-based outfit, league leaders in the Balkan nation.

Notts County chairman Alan Hardy at Field Mill (Image: Dan Westwell)

Domuschiev was last reported to be worth $950m dollars, a fortune that has been amassed due to his pharmaceutical business, Huvepharma.

Earlier this week he acquired Nova Broadcasting, Bulgaria’s leading commercial media company, in a deal believed to be worth 185m Euros from the Modern Times Group.

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Hardy put the club up for sale last month after revealing the club is saddled with an unsustainable £3m wage bill, and had been in discussions with an Australian-based consortium earlier in February, which included Magpies fan Aden Levin, before reports emerged of Domuschiev’s apparent interest.